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The accounting records of Bronco Company revealed the following information: Raw materials used $ 73,000 Direct labor 138,000 Manufacturing overhead 373,000 Work-in-process inventory, 1/1 63,000
The accounting records of Bronco Company revealed the following information:
Raw materials used | $ 73,000 |
Direct labor | 138,000 |
Manufacturing overhead | 373,000 |
Work-in-process inventory, 1/1 | 63,000 |
Finished-goods inventory, 1/1 | 202,000 |
Work-in-process inventory, 12/31 | 89,000 |
Finished-goods inventory, 12/31 | 153,000 |
Bronco's cost of goods manufactured is:
$558,000.
$561,000.
$607,000.
$610,000.
None of these.
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